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News & Articles By Arsenio Toledo
10/28/2022
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By Arsenio Toledo
Weakening dollar leading to more oil exports and price hikes
Oil prices in the United States are continuing to rise as the dollar weakens and the White House exports more and more crude oil and fuel. From Tuesday, Oct. 25, to Thursday, Oct. 27, oil prices in America rose following reports that the White House has been exporting record levels of crude oil and fuel. […]
10/11/2022
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By Arsenio Toledo
Israel, Norway and Sweden to test central bank digital currencies for cross-border transactions
The central banks of Israel, Norway and Sweden have signed up to a Bank of International Settlements-led (BIS) project that will test the feasibility of using central bank digital currencies (CBDCs) for cross-border payments. Known as Project Icebreaker, it will enable fast international transactions using CBDCs at a significantly lower cost compared to existing systems […]
09/08/2022
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By Arsenio Toledo
Russia legalizes cryptocurrencies for cross-border transactions
The Central Bank of the Russian Federation has approved a policy legalizing the use of cryptocurrencies for cross-border payments. Russian lawmakers have been historically opposed to the idea of using cryptocurrencies as a payment method. In 2020, the government passed a law that prohibited the use of cryptocurrencies for payment purposes. The central bank has […]
08/17/2022
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By Arsenio Toledo
Experts warn: Centralized digital currencies could be used to control how people behave
Central bank digital currencies, the answer of governments to decentralized blockchain-based cryptocurrencies, could be used to control the consumption habits of people. During an interview with Joe Rogan on “The Joe Rogan Experience,” British activist and radio and podcast presenter Maajid Usman Nawaz warned the public about looming dangers with the British government exploring the […]
08/04/2022
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By Arsenio Toledo
Solana blockchain targeted in cyberattack, hackers stole $5.2 million worth of crypto assets from around 8,000 wallets
Approximately 8,000 digital wallets connected to the blockchain platform Solana have been targeted by hackers, who have drained them of over $5.2 million worth of digital assets – including the platform’s own sol coin, USD Coin (USDC) and a small number of non-fungible tokens. According to Twitter account Solana Status, which provides status updates for the Solana […]
08/04/2022
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By Arsenio Toledo
Senate introduces bill to classify bitcoin, ether as commodities under the regulatory authority of CFTC
A bipartisan group of United States senators has introduced a bill that would classify bitcoin and ether as digital commodities and would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the world’s two biggest cryptocurrencies. The proposed bill was introduced by Senate Agriculture Committee Chairwoman Debbie Stabenow, a Democrat from Michigan, and Committee Ranking […]
08/03/2022
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By Arsenio Toledo
Robinhood fires nearly a quarter of its employees as crypto collapse diminishes company earnings
Robinhood fired nearly a quarter of its employees a day before the company reported dismal quarterly earnings due to the collapse of cryptocurrency values. The financial services company’s easy-to-use platform made it notorious early last year when many young investors trading from home participated in the GameStop stock short squeeze. Robinhood’s platform has been used since […]
07/26/2022
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By Arsenio Toledo
California regulator to investigate crypto companies for not disclosing risks of crypto lending activities
The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing cryptocurrency accounts as it begins an investigation into whether big players in this part of the crypto industry have broken the law. Without naming which companies, the DFPI stated that multiple businesses engaged in providing interest-bearing […]
07/26/2022
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By Arsenio Toledo
Desperate crypto investors scramble, beg to withdraw their money
Regular Americans who invested and stored their assets in crypto banks are now reeling and fighting tooth and nail just to get all of their assets back. Big-name cryptocurrency lending companies like Celsius Network and Voyager Digital also offered bank-like accounts that pay interest rates far higher than traditional lenders. These companies even marketed themselves […]
07/24/2022
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By Arsenio Toledo
Founder of fraudulent crypto CONVICTED for stealing over $6 million from investors
Randall Crater, the creator of purported cryptocurrency My Big Coin, has been convicted for stealing over $6 million from investors by falsely claiming that this new crypto asset was backed by commodities. The Department of Justice said Crater, 51, offered virtual payment services through his fraudulent digital currency. (Related: “Cryptoqueen” becomes first crypto criminal on FBI’s top 10 most […]
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